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, improved policy coordination, and reduced risk of conflicts can ease growth volatility. Empirical estimations suggest the …
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, improved policy coordination, and reduced risk of conflicts can ease growth volatility. Empirical estimations suggest the …
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We examine interactions between investment and financing decisions in a dynamic model where the firm can alter the mix of debt and equity financing and exercise a randomly arriving and potentially short lived growth option. The firm will typically finance the exercise of the growth option with...
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As elsewhere in the world, in the Western Balkans the COVID-19 pandemic has plunged countries into deep recession …
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